Forex - Euro Calm After Spain Poll; Trump Hits Petrocurrencies - Investing.com
Forex - Euro Calm After Spain Poll; Trump Hits Petrocurrencies - Investing.com |
- Forex - Euro Calm After Spain Poll; Trump Hits Petrocurrencies - Investing.com
- Forex - Weekly Outlook: April 29 - May 3 By - Investing.com
- Forex - U.S. Dollar Flat; Fed Rate Decision, Trade Talks in Focus - Investing.com
| Forex - Euro Calm After Spain Poll; Trump Hits Petrocurrencies - Investing.com Posted: 29 Apr 2019 12:27 AM PDT  © Reuters.Investing.com -- Major currencies were little changed in early trading in Europe Monday, although a positive tone in equity markets in the wake of the U.S. GDP report on Friday helped the and to strengthen a little against the dollar. There was no obvious impact on the euro from the general election in Spain, which was won by the center-left PSOE party, as predicted by opinion polls ahead of the vote. PSOE leader Pedro Sanchez won't be able to form a majority government with Podemos, the more radical of Spain's two left-wing parties, which makes it less likely that Spain will now draft budgets with excessive deficits and further destabilize the fiscal consensus in the euro zone. At 03:00 AM ET (0700 GMT), the was at $1.1161, only fractionally above the two-year low that it fell to last week. It's being supported by profit-taking in on the back of Twitter comments from President Donald Trump at the weekend. Trump said he "spoke to Saudi Arabia and others about increasing oil flow." Lower oil prices typically benefit the euro zone, an oil importer. The flip side is that petrocurrencies like the Russian suffer. It's down around 1.5% from last week's high. The , which measures the greenback against a basket of six major currencies, was at 97.708, around 0.3% below the new high for 2019 that it hit on Thursday. The euro may react later to Eurozone data. Private-sector credit growth is expected to have stayed at 3.3% in March, unchanged from February. has opened the week in wait-and-see mode ahead of a speech by Bank of England Governor at 04:00 AM ET (0800 GMT). The pound is again at the mercy of the Brexit process, with the Labour Party set to decide on Tuesday whether or not to commit to a second referendum in its manifesto for the European Parliament elections in May. There is also the risk that local elections on Thursday will galvanize party colleagues of Prime Minister Theresa May to force her out if, as expected, the Conservatives fare badly. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  |
| Forex - Weekly Outlook: April 29 - May 3 By - Investing.com Posted: 28 Apr 2019 04:00 AM PDT  © Reuters.Investing.com - This week is set to be a busy one for investors with a Federal Reserve rate decision, a U.S. jobs report and another round of U.S.-China trade talks on tap. The Fed is expected to keep on hold at the outcome of its two-day meeting on Wednesday. At its March meeting the Fed indicated that it will hold off from hiking rates for the rest of the year amid expectations for a slower pace of economic growth. The meeting is coming after Friday's data showing that growth the U.S. economy in the first quarter. However, the expansion was boosted by gains in trade and inventories, which may unwind. Elsewhere, the also looks likely to leave monetary policy unchanged after its meeting on Thursday, as Brexit drags on. Friday's nonfarm payrolls report for April tops the list of data releases this week with economists expecting a gain of jobs, while the unemployment rate is forecast to hold steady at . Other economic data on the docket the week include U.S. personal income and spending figures on Monday, as well as ISM manufacturing and non-manufacturing PMIs and a look at consumer confidence. A new round of is due get under way in Beijing on Wednesday, with investors still awaiting some sign that the world's two largest economies are getting close to a deal to end their almost 10-month long trade war. The dollar eased against a basket of the other major currencies on Friday, as soft U.S. inflation data overshadowed strong first quarter growth figures, but still ended the week close to two year highs. The , which measures the greenback against six other major currencies, was 0.13% lower at 97.787. The index, which hit a 23-month high earlier in the session, was up 0.6% for the week. Recent U.S. data has been supportive of the greenback and reinforced the belief that the United States is on a firmer economic footing than other leading economies. "There were plenty of positive headlines for the U.S. economy this week, with GDP growth accelerating in the first quarter, durable goods orders surging in March, and the hitting a record high," Michael Pearce, senior U.S. economist at Capital Economics, said in a note. "But signs of underlying weakness abound which, together with the renewed softness of core inflation, will keep the Fed sounding extremely dovish," said Pearce. The , which is hovering near its weakest level against the dollar since May 2017 amid worries about the strength of the euro zone economy, was up 0.22% at $1.1153. The , up 0.14% on Friday, ended the week down 0.57%, amid growing concern about stagnant Brexit talks. , Investing.com has compiled a list of significant events likely to affect the markets. Monday, April 29 Tuesday, April 30 Wednesday, May 1 Thursday, May 2 Friday, May 3 --Reuters contributed to this report  |
| Forex - U.S. Dollar Flat; Fed Rate Decision, Trade Talks in Focus - Investing.com Posted: 28 Apr 2019 09:09 PM PDT  © Reuters.Investing.com - The U.S. dollar traded flat on Monday in Asia. A Federal Reserve rate decision and another round of U.S.-China trade talks are expected to be in focus this week. The that tracks the greenback against a basket of other currencies was unchanged at 97.703 by 11:50 PM ET (03:50 GMT). The Fed will conclude its two-days meeting on Wednesday amid expectations that interest rates will remain on hold. The meeting is coming after official data showed on Friday that the U.S. economy grew at a faster than expected pace in the first quarter. "The bottom line is that there are some growth-positive factors at play here that are unlikely to persist into the second quarter. Having said that though, we continue to expect a solid performance from the US economy this year, particularly if we get some more encouraging news from the US-China trade talks," ING said. "While we don't expect the Fed to hike rates again this year, we think it looks pretty unlikely that rate cuts are on the horizon at this stage." Sino-U.S. trade talks returned to focus this week as high level officials from both sides are due to meet in Beijing for another round of negotiations. U.S. President Donald Trump on Friday repeated that China trade talks were "going very well," a day after he said that he would soon host Chinese President Xi Jinping at the White House. Trump has said he expects to finalize a deal in a meeting with Xi. The pair last traded at 6.7290, up 0.02%. The pair traded 0.1% higher to 1.1159. The Bank of England is expected to leave monetary policy unchanged after its meeting on Thursday. The pair and the pair both rose 0.3%. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  |
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